Are you claiming a home office deduction?

Home office deductions have long been “red flags” to the IRS. Considering you are deducting the home office expenses, do you know whether you are depreciating the asset? If so, you may be subject to the “recapture” of deprecation on the percentage of your primary residence that you have allocated to the “home office.” If you plan to move, make sure you take into account the potential capital gain liability you may have.